22 days on rocket

25 E 2nd Ave, Ely, MN, 55731

$280,000

Home List Price

$3,325*

Closing Credit

0 Baths
4,164 SqFt
$67/SqFt
Multi

Location

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25 E 2nd Ave, Ely$280,000

Buyer Closing Credits

$3,325*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingStreet
HeatingForced Air, Hot Water
MLS #6117103
StatusActive
(ACTIVE)

About 25 E 2nd Ave

"Coolest Small Towns" and a gateway to the BWCA (Boundary Waters Canoe Area) you have an incredible investment opportunity! Perfect for short-term or long-term rentals the existing duplex with updated units is already generating steady income. Each unit has 2 BR/1BA and offers beautifully updated interiors, an attached garage, and laundry facilities. The roof was installed in 2019. Each unit is 748 sq. ft. Duplex also has been insulated and new LP smart siding.

Property Details

Property Features

Property Information:

  • Architectural Style: Up & Down
  • Stories: 3
  • Living Area: 4,164 SqFt

Listing Office:

  • Office Name: Z' Up North Realty
  • Listing Agent: Andrea Zupancich

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Street

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water

Other

Directions Information:

  • Directions: Sheridan St to N, 2nd Ave E go south to Harvey St. Property on Corner, consists of 2 buildings

Price Information

Listing Price Info

Price Summary:

  • List Price: $280,000
  • Price Per SqFt: $67/SqFt
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Housing Market Comparison

See how this home compares to others in Ely, MN.

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Ely, MN

City

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

25 E 2nd Ave vs Ely

22 DAYS ON ROCKET

-46 Days

$280,000

+$81K More

$67/SqFt

-$78 Less

KEY TAKEAWAY

This property is $81K more than the Median Sold Price and $78/SqFt less than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6117103

Listing Office:

  • Office Name: Z' Up North Realty
  • Listing Agent: Andrea Zupancich

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 4:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,465

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$906

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4389036
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-4389037
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 13.96 miles

  • Public District Grades PK-6

school-card-donut-4389038
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.07 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,867. The most common annual income of people living in Ely, MN is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›25 E 2nd Ave

This home is located at 25 E 2nd Ave in Ely, MN and zip code 55731. It has been listed on Rocket Homes since November 25, 2024 and is currently priced at $280,000.

In November 2024, from all listings sold in Ely, MN there were more than 0 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Ely, MN between October 2024 and November 2024 decreased by 16.7%. The median list price of listings available in November 2024 was $199,000, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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